Bahri plans 10% dividend for H2 2019

20/01/2020 Argaam Exclusive

The National Shipping Co. of Saudi Arabia’s (Bahri) board of directors recommended a 10% cash dividend for the second half of 2019, at SAR 1 per share, amounting to SAR 393.75 million.

Dividend Details (H2 2019)

Current Capital

SAR 3.9375 bln

Number of shares

393.75 mln

Dividend

SAR 393.75 mln

Percentage of capital

10% (SAR 1 per share)

Record date

General assembly meeting

Payment date

To be determined

Dividend Details (FY 2019)

Dividend

SAR 590.63 mln

Percentage of capital

15% (SAR 1.5 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
20/01/2020 20/04/2020 10/05/2020 393.75 0.53
29/09/2019 13/10/2019 31/10/2019 196.88 0.27
11/12/2018 14/04/2019 28/04/2019 590.63 0.80
14/12/2017 17/04/2018 03/05/2018 590.63 0.80
18/12/2016 16/01/2017 31/01/2017 984.38 1.33
24/12/2015 06/04/2016 21/04/2016 984.38 1.33
11/12/2014 01/04/2015 15/04/2015 393.75 0.53
19/12/2013 31/03/2014 15/04/2014 315.00 0.53
22/12/2012 30/03/2013 15/04/2013 315.00 0.53
24/12/2011 22/04/2012 09/05/2012 157.50 0.27
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 2.93 23.52 12.47 %
Last 5 Financial years 5.60 18.65 30.03 %
Last 10 Financial years 8.00 9.68 82.61 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 10.04
P/E Before Unusual Items (TTM) 11.84
P/BV 1.60
Dividend Yield 2.49 %
Market Cap. (M) 21,040.98
Return on Average Assets 8.65 %
Return on Average Equity 17.06 %

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